The offers for acquisition of the Žalgiris Stadium and the surrounding parcels have been submitted

2015-02-02

On January 30 Šiaulių bankas completed adoption of the binding offers with respect to acquisition of the territory laying among Olimpiečių, Rinktinės and Šeimyniškių streets in Vinius.

"Potential investors have been quite actively showing their detailed interest in these objects of Šiaulių bankas‘ assets, therefore we had to extend the deadlines set to the presumable investors for familiarization with the information on assets for sale, prospects of their development as well as to buying and selling procedure. All the proposals are subject to the comprehensively evaluation and we will do our best to make this process as quick and smooth as possible " – said Chief Executive Officer of Šiaulių bankas Vytautas Sinius.

The offers have been provided by the Lithuanian companies and foreign capital undertakings. The received proposals will be subject to a few week full-scale analysis and assessment. Subsequently, it will be followed by Šiaulių bankas‘ negotiations with one or a few selected companies.

The Žalgiris stadium and other constructions of various purposes are located on the territory of appr.8 ha owned by Šiaulių bankas‘ subsidiaries. Šiaulių bankas took over these assets together with other part of the failed Ūkio bankas‘ assets.